Reverse Mortgages still an option of last resort despite hit on portfolios

Posted on November 21, 2008 under , , , ,

As we watch the current financial turmoil impact even the most diversified of portfolios, and threats of inflation in the coming years increase with every bailout – unlocking the cash in your home via a reverse mortgage is still one of the least attractive financial moves you can make. The AARP says with so many other »

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2009 Legislative Forecast: Consumers First

Posted on November 6, 2008 under , ,

LISA, the Life Insurance Settlement Association, released an announcement detailing the organization’s forecast for state and federal legislation in 2009 – with the priority of putting the consumer first in public policy making regarding life settlements. I thought a quote by Doug Head, LISA’s Executive Director, summed up the current environment very well: “In 2009 LISA will »

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IRA Charitable Giving law passes

Posted on October 30, 2008 under , , , , ,

If you are 70 ½ or older, a newly reinstated law allows you to donate up to $100,000 from your traditional IRA or Roth IRA tax-free to a public charitable organization. The money can also come from a SEP or a SIMPLE IRA as long as you are no longer contributing to these accounts. Under the »

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Recommended Life Settlement Articles

Major Publications on “Life Settlements”

When my partners and I first created the Life Settlement Network, and were becoming increasingly involved in the Life Settlement industry, our friends and family had never heard of life settlements.  For the most part, they learned about this new financial tool from us.  Initially – most had responses something along the lines of “Sounds [...]

What is my policy worth?

Usually the first question seniors ask after hearing that their life insurance policy may be worth much more than the cash surrender value is “How much is my policy worth?”
The calculation is simple enough:  Determine the insured’s life expectancy and multiply that by the annual premiums to estimate the expected cost of maintaining the policy.  [...]

If my policy is worth so much – why should I sell in a life settlement?

A question that comes up frequently in presentations and in discussions with policyholders and beneficiaries: If an investor is willing to buy my policy for $X amount and expect to make a profit – why shouldn’t the family just keep the policy?